News stories for Ali Ahmed - Business Recorder

Ali Ahmed

Business & Finance

SBP to announce MPS today

Later on, the SBP will issue the MPS to announce the decision of the committee for key policy rate.

Updated 19 Mar, 2021 12:03pm

Markets

Bears return at PSX, benchmark index drops over 700 points ahead of MPS

KSE-100 index recorded an intraday high of 45,612.95, however, the index failed to sustain the gains and slid to day’s low of 44,641.49.

Published 18 Mar, 2021 04:51pm

Business & Finance

Digital Financial Transactions show double-digit growth in Pakistan: SBP

“In the last few years, digital payment transactions in Pakistan have shown significant growth, reflecting the favourable impact of the SBP’s policies in shifting customer preferences. Expansion in digital payment infrastructure as well as the emergence of new payment aggregators have played a role in this growth,” said SBP.

Published 18 Mar, 2021 02:12pm

Technology

Facebook announces changes to keep misinformation & harmful content at bay

The new policies are part of a continued effort to clean up misinformation and harmful content, like hate speech and misinformation, and make it harder for certain groups to operate or be discovered, whether they’re Public or Private.

Published 18 Mar, 2021 01:46pm

Business & Finance

PM Khan assures to allocate more funds for housing program

The Prime Minister assured to allocate more funds for the housing program with the increase in the revenue of the government so that the working and the salaried class could build their houses.

Published 18 Mar, 2021 01:08pm

Business & Finance

KP eyes to utilize hydropower for cryptomining

The first meeting of the KP Crypto Advisory Committee held at KPITB. KP government on the directions and guidance of Chief Minister KP Mahmood Khan is taking serious steps regarding cryptocurrency and crypto mining.

Published 18 Mar, 2021 11:59am

Technology

National Incubation Centers partners with TPL Trakker to provide LBS to startups

Following the partnership, TPL Trakker will provide customized Location Based Services (LBS), to all the startups engaged at NIC, Karachi, Lahore and Islamabad.

Published 18 Mar, 2021 11:19am

Business & Finance

Finance Ministry clarifies State Bank Amendment Act 2021

It is pertinent to mention that the SBP already has longstanding MoUs / arrangements with several international regulatory bodies/central banks, after approval of the Federal Government, read the ministry statement.

Published 18 Mar, 2021 10:56am

Business & Finance

Pakistan has potential to become global tourist destination: TUROYD

While delivering a presentation Ali highlighted that tourism dynamics have drastically changed due to the ongoing pandemic and their association is workings towards ecological tourism.

Published 18 Mar, 2021 10:26am

Technology

PTA inspects Mobile Service quality on Pakistan’s highways

The survey results reveal that good 3G coverage is available throughout GT Road, whereas Indus Highway has adequate 3G coverage with patchy 4G coverage.

Published 17 Mar, 2021 04:53pm

Business & Finance

Fitch assigns Pakistan’s WAPDA at 'B-' ratings with Stable outlook

Fitch Ratings maintain a 'Very Strong' assessment regarding WAPDA's ownership structure and control mechanism.

Published 17 Mar, 2021 02:59pm

Business & Finance

Pakistan FDI drops over 29pc in first eight months of FY21

During the period under review, FDI inflows stood at $1.984 billion against the outflow of $ 683.6 million.
FDI fell by 44.04pc on a YoY basis to $155 million in the month of February 2021 as compared to the same month in 2020.

Updated 17 Mar, 2021 12:55pm

Business & Finance

Pakistan extends $1.5bn defense deal with Turkey

The $1.5bn defense agreement between Pakistan and Turkey has come to a standstill due to the United States.

Published 17 Mar, 2021 11:50am

Business & Finance

KP launches Pakistan's first Advisory Committee for cryptocurrency & cryptomining

Bangash also thanked Waqar Zaka, one of the leading voices supporting cryptocurrency in Pakistan for his full cooperation and support to the KP government.

Published 17 Mar, 2021 11:03am

Business & Finance

Market players expect no change in upcoming MPS

The SBP’s Monetary Policy Committee (MPC) is scheduled to meet on March 19 to decide about the monetary policy.

Published 17 Mar, 2021 10:35am

Business & Finance

PM calls for Track & Trace System introduction to avoid tax evasion

Prime Minister Imran Khan said the FBR had assured to roll out the track and trace system by July this year but now the Sindh High Court has given a stay on it.

Published 16 Mar, 2021 03:45pm

Business & Finance

Pakistan shoe exporter to launch IPO this month

The shoemaker plans to raise at least Rs 1.6 billion or $10 million by offering 41 million shares at a price of Rs 38 each, Habib said.

Published 16 Mar, 2021 03:02pm

Business & Finance

Paper-based submission of FX related cases to discontinue by June 30: SBP

In this backdrop, 21 ADs have already developed their portals, started onboarding their customers and receiving FX cases digitally, while the rest are in process of developing their digital platforms/ portals.

Updated 16 Mar, 2021 04:34pm

Business & Finance

SBP to announce Monetary Policy on Friday

Later on, SBP will issue the Monetary Policy Statement on the same day.

Published 16 Mar, 2021 01:23pm

Business & Finance

LSMI output increases 9.13pc in January

According to provisional Quantum Index Numbers (QIM) of Large Scale Manufacturing Industries, the LSMI output increased by 5.36pc when compared to December 2020.

Published 16 Mar, 2021 12:46pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 18	278.62
USD PKR Interbank Buying / Apr 18	278.32
USD to Japanese Yen / Apr 18	154.61
USD to Swiss Franc / Apr 18	0.91
Pound Sterling to USD / Apr 18	1.24
Euro to USD / Apr 18	1.06

Stock	Volume
S&P 500 / Apr 18	5011.12
India Sensex / Apr 18	72488.99
Tokyo Nikkei / Apr 18	37716.66
Nasdaq / Apr 18	15601.50
Hang Seng / Apr 18	16385.87
FTSE 100 / Apr 18	7877.05
Dow Jones / Apr 18	37775.38
Germany DAX 30 / Apr 18	17837.40

Item	Value
Crude Oil USD/Barrel / Apr 18	82.64
Karachi Cotton PKR/37.32 KG / Apr 18	21735
Gold 10 Grams PKR / Apr 18	214077
Gold Spot USD/Ounce / Apr 18	2374.36
Cotton US¢/pound / Apr 18	80.61
Petrol/Litre / Apr 19	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Apr 19 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Apr 19 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / Apr 19 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Apr 19 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Apr 19 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / Apr 19 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / Apr 19 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / Apr 19 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Apr 19 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / Apr 19 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / Apr 19 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / Apr 19 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / Apr 19 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / Apr 19 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / Apr 19 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / Apr 19 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / Apr 19 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / Apr 19 Telecard Limited(TELE)	12,358,668 ▲ 0.00